Which type of financial aid is considered free money?
Select a response.
Grants
Work-Study programs
Federal student loans
ROTC
Which type of financial aid is considered free money?
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Which type of financial aid is considered free money?
Select a response.
Grants
Work-Study programs
Federal student loans
ROTC
The correct answer is Grants.
Grants are considered “free money” because they do not have to be repaid, unlike loans. They are typically awarded based on financial need, academic achievement, or specific criteria set by the grantor. Work-Study programs, on the other hand, require students to work for their money, and federal student loans must be repaid with interest. ROTC programs may provide scholarships, but they often come with service obligations.
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